"The Money Family regrets to announce that Eddie passed away peacefully early this morning," it read. "It is with heavy hearts that we say goodbye to our loving husband and father. We cannot imagine our world without him. We are grateful that he will live on forever through his music.”

According to TMZ, the rock legend died from complications from cancer. The artist had recently revealed that he had been diagnosed with stage 4 esophageal cancer. He revealed his diagnosis during season 2 of his reality show, "Real Money." The episode was filmed fall 2018, but aired Sep. 12.